699 Karesh Ave
Pomona, CA 91767
5.88 Market Cap, Over 80%+ renovated · Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 3,838 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.56/1,000 SF |
| Zoning | R3 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,838 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
Site Amenities
- Laundry Facilities
About 699 KARESH AVE , POMONA, CA 91767
Built in 1960, this two story building is situated on a 7,196 sf lot with 3,840 sf rentable space. It consists of six one bedroom one bathroom units averaging 640 square feet each. There's carport parking available for tenants. The property is located at a non-rent control area with over 20% potential upside in rent. There's onsite laundry facility for additional income. Most of the units are upgraded with new flooring in living room and kitchen. In addition, each unit is separately metered for gas and electricity. The location of the property has convenient access to Freeway I-10, I-60, and I-71, and it's within close proximity to Western University and downtown Pomona. The City of Pomona is bordered by affluent city of Claremont and Upland, and with recent real estate development in the city, Pomona has transformed some parts of the area to be the most residence friendly neighborhood in town. This investment opportunity offers a stable and an opportunity to increase rents through renovation in one of the strongest rental market in the San Gabriel Valley.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $925.00 | 640 |
Property Taxes
| Parcel Number | 8323-028-006 | Improvements Assessment | $568,913 |
| Land Assessment | $364,104 | Total Assessment | $933,017 |
Property Taxes
